by ImpactGroupMarketing | Jun 20, 2022 | Articles
Are you concerned with retirement and the taxation of your retirement funds? Now may be the time to utilize the declined stock market as a tax planning opportunity. As an overview, you can either have a traditional IRA or a Roth IRA. Traditional IRA contributions...
by ImpactGroupMarketing | Jun 14, 2022 | Articles
In an attempt to help taxpayers and businesses, the IRS announced an increase to the standard mileage rate for business travel from 62.5 to 65.5 cents per mile. The new rate went into effect on January 1, 2023. The medical mileage rate will remain the same at 22...
by ImpactGroupMarketing | May 18, 2022 | Articles
The option to utilize your tax refund to buy U.S. savings bonds has been available since 2010, but has recently become more popular with the current inflationary market. According to treasurydirect.gov, a Series I Savings Bonds is a security that earns interest...
by ImpactGroupMarketing | Mar 4, 2022 | Articles
Beginning in January 2023 for 2022 tax return filings, third-party payment settlement organizations (Venmo, PayPal, Cash App, credit card terminals, etc.) will be required to report payments of $600 or more to the IRS and send the taxpayer a Form 1099-K. This new...
by ImpactGroupMarketing | Jan 14, 2021 | Articles
Dear Client – 1. Did you pay W2 wages to employees and/or yourself? If yes, continue. If no, there is no need to read further. If you answered yes to #1 AND answer yes to any of the questions below, call us. 2. Did you experience a partial or full government mandated...
